Webinar: The New Rev Rec Standards - 3 Actions to Prepare Now
8/28/2018 12:00 PM - 1:00 PM (ET)
Type: Live Webinar
Name: Shereen Mahoney
The new ASC 606 standards drastically change how revenue is recognized from a contract, including multi-year deals being sold today.
For firms running outdated technology, the current manual process of exporting data into Excel not only won't scale but also may not comply with the new standards, and it possibly will affect reporting and valuation.
Brian Dietz, partner at Wipfli, one of the top 20 accounting firms in the U.S., and David Appel, the industry leader for the subscription economy from Sage Intacct, will discuss the new standards and how finance teams can address the following questions:
- How can you manage the customer relationship through a single contract, instead of over many orders, with interdependencies between new orders and modifications?
- What are your performance obligations in the contract, and how do you track when they're satisfied?
- When there is variable consideration in your orders, how can you estimate it in a scalable, auditable manner?